Veea 10-K: Revenue $0.22M, EPS $(0.16)
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Veea reported fiscal-year net revenue of $0.22 million with a net loss per share of $(0.16), indicating early-stage commercial activity. Revenue grew by 57% year-over-year, driven by paid VeeaHub pilots. The company improved its gross profit to $0.152 million and narrowed its net loss significantly. Veea has entered a supply agreement with Telcel to enhance deployments in Mexico and is focusing on four verticals for sales growth. The company continues to develop its product offerings and expand its patent portfolio.
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